AGM vs ARTL: Correlation
Measured on weekly returns over the past three years, Federal Agricultural Mortgage Corporation (AGM) and Artelo Biosciences, Inc. (ARTL) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGM and ARTL?
Over the past 3 years, AGM and ARTL moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.37 versus -0.24 over 3 years. Over 5 years the correlation is -0.12, and the annualized covariance of weekly returns is -993.4 %².
Out of 16 assets tracked against AGM, ARTL lands near the bottom at #14. Their recent paths diverged sharply: over the last 12 months AGM outperformed by 109.0 percentage points (+11.4% for AGM against -97.6% for ARTL). One caveat on sizing: ARTL is 4.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AGM vs ARTL: side by side
| AGM (Federal Agricultural Mortgage Corporation) | ARTL (Artelo Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +11.4% | -97.6% |
| 5-year return | +167.7% | -99.7% |
| Volatility (ann.) | 30.2% | 136.9% |
| Beta vs S&P 500 | 0.85 | -0.54 |
| Max drawdown (3Y) | -32.5% | -99.2% |
| Market cap | $2.4B | – |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 2.84% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGM | ARTL |
|---|---|---|
| 2022 | -5.8% | -62.9% |
| 2023 | +74.6% | -51.6% |
| 2024 | +6.1% | -24.3% |
| 2025 | -8.0% | -80.8% |
| 2026 | +29.3% | -81.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGM and ARTL good diversifiers for each other?
Yes. With a correlation of -0.24, AGM and ARTL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AGM and ARTL?
As of 2026-08-27, the correlation of weekly returns between AGM and ARTL is -0.24 over 3 years, -0.37 over 1 year and -0.12 over 5 years.
Is ARTL a good diversifier for AGM?
Yes. With a correlation of -0.24, AGM and ARTL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/agm-vs-artl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/agm-vs-artl/)
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Related comparisons
Hubs: AGM correlations · ARTL correlations
